Indian Railway Finance Corporation is currently trading at Rs. 21.50, up 0.15 points or 0.70% from its previous close of Rs. 9:35 p.m. on BSE.
Indian Railway Finance Corporation
The certificate opened at Rs. 21.40 and touched a high and a low of Rs. 21.50 and Rs. 21.40 respectively. So far, 103,032 shares have been traded over the counter.
BSE Group “A” stock of face value Rs. 10 touched a 52-week high of Rs. 26.35 on October 25, 2021 and a 52-week low of Rs. 7:30 p.m. on June 20, 2022.
Last week, the high and low of the certificate stood at Rs. 21.55 and Rs. 21:20 respectively. The current market capitalization of the company is Rs. 27901.26 crore.
Sponsors holding the company amounted to 86.36%, while institutions and non-institutions held 4.27% and 9.36% respectively.
Indian Railway Finance Corporation (IRFC) has signed a Memorandum of Understanding with India Infrastructure Finance Company (IIFCL), a public sector company under the Ministry of Finance, to enhance cooperation in financing railway infrastructure projects with links upstream and downstream with India. Railway sector.
Through this MoU, IRFC and IIFCL plan to amplify each other’s capabilities, allowing them to jointly leverage funding opportunities for viable infrastructure projects.
The MoU will also allow IRFC and IIFCL, as leading and established funding institutions in their respective fields, to develop their capabilities and jointly explore such funding opportunities by combining their skills and expertise.
The MoU will benefit both IRFC and IIFCL to capitalize on each other’s expertise in infrastructure project financing, project due diligence, syndication, credit enhancement, refinancing, and more.
IRFC was incorporated as a dedicated market borrowing arm for Indian Railways and has played a strategic role in financing the operations of the latter
